Betterware de México, S.A.P.I. de C.V. reported first‑quarter 2026 results that highlighted strong profitability but a modest top‑line. Net revenue reached 3.51 billion Mexican pesos, falling short of the 3.65 billion‑peso consensus by roughly 140 million pesos. EBITDA climbed to 609.9 million pesos, and earnings per share were Ps. 7.49, a 7 percent miss against the Ps. 8.05 estimate.
Revenue grew 0.3 percent year‑over‑year, a figure that reflects the impact of a one‑week shorter quarter. The Betterware Mexico segment added 2.6 percent to its revenue, while the Jafra U.S. business posted an 8.6 percent rise in U.S. dollars. Jafra Mexico, however, saw a slight decline as the company shifted focus toward consultant productivity.
EBITDA expanded to 609.9 million pesos, a 14 percent increase from the prior year, and the margin rose to 17.4 percent, up 211 basis points from 15.3 percent. The improvement stems from disciplined cost management and a favorable product mix that boosted higher‑margin sales.
Diluted earnings per share were $0.42, down 110 percent from the prior quarter, and the company’s reported EPS of Ps. 7.49 fell short of the consensus Ps. 8.05 by about 0.56 pesos. Management attributed the miss to the revenue shortfall and the continued impact of a shorter reporting period.
Looking ahead, Betterware guided full‑year 2026 revenue to a range of 14.8 billion to 15.4 billion pesos and an EBITDA margin of at least 19 percent. CEO Andrés Campos Chevallier highlighted a pending Tupperware acquisition that is expected to be accretive and a launch of Betterware Colombia, signaling confidence in expanding the company’s geographic footprint.
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